Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

As Budget 2025 approaches, whispers of scrapping the old income tax regime have grown louder. Has the old regime lost its ...

The idea of joint taxation for married couples is not a new one and is already implemented in several developed countries, ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

The ICAI's Budget 2025 proposal for joint taxation of married couple aims to ease financial stress, boost compliance, and ...

Political parties have criticised the government for increasing value-added tax (VAT) and supplementary duty (SD) on nearly ...

The DTC Bill in its original form in 2010 as well as in 2013 proposed a big-ticket overhaul in the taxation regime on the ...

Budget 2025 is scheduled to be presented on February 1, 2025. The Budget will announce proposals for the FY 2025-26.

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for ...

Despite the potential vulnerability to sudden increases in regional geopolitical tensions and significant drops in oil prices ...